1. Make adjusting entries to reflect the following transactions for Printing Sales & Services Ltd as at 31 December 2019 (narrations are not required):
2. Supplies on hand on 31 December 2019 total $200.
3. Services were performed in December 2019 in relation to $1,000 of service revenue received in advance in November 2019.
4. Salaries of $1,800 are owed on 31 December.
5. Accruedinterest on bank loan payable on 31 December is $135.
6. Accrued Telephone charges were $220.

1. Printing Sales and Services Ltd prepared the following unadjusted trial balance at 31 December 2019.

Unadjusted Inal Balance as at 31 December Accounts DR ($) CR ($) Cash at bank 1,200 Accounts receivable 21,300 Supplies 800 Equipment 38,000 Accumulated depreciation - equipment 260 Accounts payable 6,900 Bank loan payable 20,000 Service revenue received in advance 2,200 Accrued expenses 560 Share capital 20,000 Retained earnings 1,340 Sales revenue 17,600 Service revenue 9,040 Cost of sales 7,040 Miscellaneous expenses 9,560 57,900 57.900